It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 [...]
Tag: isis
War against Isis: US Air Strategy in Tatters as Militants March On
World View: American-led air attacks are failing. Jihadis are close to taking Kobani, in Syria – and in Iraq western Baghdad is now under serious threat America's plans to fight Islamic State are in ruins as the militant group's fighters come close to capturing Kobani and have inflicted a heavy defeat on the Iraqi army west of Baghdad. The US-led air attacks launched against[...]